Expert Answer :Personnel management.

  

Solved by verified expert:Fill out the attached blank pdf. Use choirs and expenses that a 17 year old would use.Make sure to complete all the requirmnets throughly.
personal_management.pdf

20081014200259_personal_management.pdf

Don't use plagiarized sources. Get Your Custom Essay on
Expert Answer :Personnel management.
Just from $10/Page
Order Essay

Unformatted Attachment Preview

PERSONAL
MANAGEMENT
STEM-Based
BOY SCOUTS OF AMERICA
MERIT BADGE SERIES
PERSONAL
MANAGEMENT
“Enhancing our youths’ competitive edge through merit badges”
Requirements
1. Do the following:
a. Choose an item that your family might want to purchase
that is considered a major expense.
b. Write a plan that tells how your family would save
money for the purchase identified in requirement 1a.
(1) Discuss the plan with your merit badge counselor.
(2) Discuss the plan with your family.
(3) Discuss how other family needs must be considered
in this plan.
c. Develop a written shopping strategy for the purchase
identified in requirement 1a.
(1) Determine the quality of the item or service
(using consumer publications or ratings systems).
(2) Comparison shop for the item. Find out where
you can buy the item for the best price. (Provide
prices from at least two different price sources.)
Call around; study ads. Look for a sale or discount
coupon. Consider alternatives. Can you buy the
item used? Should you wait for a sale?
2. Do the following:
a. Prepare a budget reflecting your expected income
(allowance, gifts, wages), expenses, and savings.
Track and record your actual income, expenses, and savings for 13 consecutive weeks. (You may use the forms
provided in this pamphlet, devise your own, or use
a computer-generated version.) When complete,
35928
ISBN 978-8395-5002-0
©2015 Boy Scouts of America
2015 Printing
present the records showing the results to your merit
badge counselor.
b. Compare expected income with expected expenses.
(1) If expenses exceed income, determine steps to
balance your budget.
(2) If income exceeds expenses, state how you would
use the excess money (new goal, savings).
3. Discuss with your merit badge counselor FIVE of the
following concepts:
a. The emotions you feel when you receive money.
b. Your understanding of how the amount of money you
have with you affects your spending habits.
c. Your thoughts when you buy something new and your
thoughts about the same item three months later.
Explain the concept of buyer’s remorse.
d. How hunger affects you when shopping for food items
(snacks, groceries).
e. Your experience of an item you have purchased after
seeing or hearing advertisements for it. Did the item
work as well as advertised?
f. Your understanding of what happens when you put
money into a savings account.
g. Charitable giving. Explain its purpose and your
thoughts about it.
h. What you can do to better manage your money.
4. Explain the following to your merit badge counselor:
a. The differences between saving and investing,
including reasons for using one over the other.
b. The concepts of return on investment and risk.
c. The concepts of simple interest and compound
interest and how these affected the results of your
investment exercise.
PERSONAL MANAGEMENT    3
Always be sure
5. Select five publicly traded stocks. Explain to your merit
badge counselor the importance of the following information for each stock:
to have proper
a. Current price
permission before
b. How much the price changed from the previous day
using the Internet.
c. The 52-week high and the 52-week low prices
To learn about
appropriate
behavior and
6. Pretend you have $1,000 to save, invest, and help prepare
yourself for the future. Explain to your merit badge counselor
the advantages or disadvantages of saving or investing in
each of the following:
etiquette while
a. Common stocks
online, consider
b. Mutual funds
earning the BSA
c. Life insurance
Cyber Chip. Go to
d. A certificate of deposit (CD)
www.scouting.org/
e. A savings account or U.S. savings bond
Training/
YouthProtection/
CyberChip.aspx for
more information.
7. Explain to your merit badge counselor the following:
a. What a loan is, what interest is, and how the annual
percentage rate (APR) measures the true cost of a loan.
b. The different ways to borrow money.
c. The differences between a charge card, debit card, and
credit card. What are the costs and pitfalls of using
these financial tools? Explain why it is unwise to make
only the minimum payment on your credit card.
d. Credit reports and how personal responsibility can affect
your credit report.
e. Ways to reduce or eliminate debt.
8. Demonstrate to your merit badge counselor your understanding of time management by doing the following:
a. Write a “to do” list of tasks or activities, such as homework assignments, chores, and personal projects, that
must be done in the coming week. List these in order
of importance to you.
4    PERSONAL MANAGEMENT
b. Make a seven-day calendar or schedule. Put in your set
activities, such as school classes, sports practices or
games, jobs or chores, and/or Scout or place of worship
or club meetings, then plan when you will do all the
tasks from your “to do” list between your set activities.
c. Follow the one-week schedule you planned. Keep a
daily diary or journal during each of the seven days of
this week’s activities, writing down when you completed
each of the tasks on your “to do” list compared to when
you scheduled them.
d. Review your “to do” list, one-week schedule, and diary/
journal to understand when your schedule worked and
when it did not work. With your merit badge counselor,
discuss and understand what you learned from this
requirement and what you might do differently the
next time.
9. Prepare a written project plan demonstrating the steps
below, including the desired outcome. This is a project
on paper, not a real-life project. Examples could include
planning a camping trip, developing a community service
project or a school or religious event, or creating an
annual patrol plan with additional activities not already
included in the troop annual plan. Discuss your completed
project plan with your merit badge counselor.
a. Define the project. What is your goal?
b. Develop a timeline for your project that shows the steps
you must take from beginning to completion.
c. Describe your project.
d. Develop a list of resources. Identify how these resources
will help you achieve your goal.
e. Develop a budget for your project.
10. Do the following:
a. Choose a career you might want to enter after high
school or college graduation.
b. Research your anticipated career and discuss with your
merit badge counselor what you have learned about
qualifications such as education, skills, and experience.
PERSONAL MANAGEMENT    5
Personal Management Resources.
Personal Management
Resources
Scouting Literature
Boy Scout Journal; American Business,
American Labor, Entrepreneurship,
Family Life, Inventing, Salesmanship,
and Scholarship merit badge pamphlets;
also see merit badge pamphlets on
particular careers or vocations.
Visit the Boy Scouts of America’s
official retail website at http://
www.scoutstuff.org for a complete
listing of all merit badge pamphlets
and other helpful Scouting materials and supplies.
Discovering Yourself, Defining Your
Future. Ten Speed Press, 2006.
Covey, Sean. The 7 Habits of
Highly Effective Teens. Simon
& Schuster, 1998.
Gardner, David, Tom Gardner, and
Selena Maranjian. The Motley
Fool Investment Guide for Teens.
Fireside, 2002.
Morgenstern, Julie and Jessi
Morgenstern-Colon. Organizing
From the Inside Out for Teenagers.
Owl Books, 2002.
Bamford, Janet. Street Wise: A Guide
for Teen Investors. Bloomberg
Press, 2000.
Morris, Kenneth M. and Virginia B.
Morris. The Wall Street Journal
Guide to Understanding Personal
Finance, 3rd ed. Simon and
Schuster, 2000.
Bateman, Katherine R. The Young
Investor: Projects and Activities
for Making Your Money Grow.
Chicago Press Review, 2001.
National Association of Investors
Corporation (NAIC). Investing
In Your Future. South-Western
Educational Publishing, 2001.
Bodnar, Janet. Kiplinger’s Money-Smart
Kids. Kiplinger Books, 1999.
Pervola, Cindy, and Debby Hobgood.
How to Get a Job If You’re a
Teenager, 2nd ed. Highsmith
Press, 2000.
Books
Bolles, Richard Nelson, Carol Christen,
and Jean M. Blomquist. What
Color Is Your Parachute? For Teens:
62    PERSONAL MANAGEMENT
.Personal Management Resources
Organizations and Websites
Affordable Colleges Foundation
Website: http://www.
affordablecollegesonline.org/financialaid/financial-aid-for-online-colleges
Bureau of Labor Statistics
U.S. Department of Labor
Website: http://www.bls.gov
Center for Student Credit Card
Education Inc.
Telephone: 650-347-3327
Website: http://www.cscce.com
Consumer Financial
Protection Bureau
Website: http://www.
consumerfinance.gov
Federal Student Aid
Website: http://www.studentaid.gov
Federal Trade Commission
Consumer Information
Website: http://www.consumer.ftc.gov/
Independent Living Resources
Website: http://www.ilrinc.com
The Motley Fool
Website: http://www.fool.com/
familyfool/welcome.htm
National Association of
Investors Corporation
Toll-free telephone: 877-275-6242
Website:
http://www.better-investing.org
The SmartStudent™ Guide
to Financial Aid
Telephone: 724-538-4500
Website: http://www.finaid.org
Students.gov
Website: http://www.students.gov
U.S. Department of Education’s
Federal Student Aid on the Web
Telephone: 319-337-5665
Toll-free telephone: 800-433-3243
Website: http://studentaid.ed.gov
YoungBiz.com
Website: http://www.youngbiz.com
Acknowledgements
The Boy Scouts of America extends
thanks to Eagle Scout Brent A. Neiser,
CFP, senior director of Strategic Program
and Alliances at the Denver-based
National Endowment for Financial
Education® (NEFE®). Mr. Neiser wrote
the 1996 edition of the Personal
Management merit badge pamphlet
upon which this edition is based. He
was instrumental in this revision.
NEFE® inspires empowered financial
decision making for individuals and
families through every stage of life.
NEFE® is a private, nonprofit, nonpartisan, and noncommercial foundation.
The NEFE® website has many tools
for planning your college education and
future. Visit www.nefe.org.
National Endowment for
Financial Education®
Telephone: 303-741-6333
Websites: http://www.nefe.org
http://www.smartaboutmoney.org
http://www.hsfpp.org
http://www.onyourown.org
PERSONAL MANAGEMENT    63
Personal Management
Merit Badge Workbook
This workbook can help you but you still need to read the merit badge pamphlet (book). No one can add or subtract from the Boy
Scout Requirements #33215. Merit Badge Workbooks and much more are below: Online Resources.
Worksheet developer: craig@craiglincoln.com. Requirements revised: 2003, Workbook updated: April 2008.
Scout’s Name: _________________________________________
Unit: _______________________________
Counselor’s Name: ______________________________________
Counselor’s Ph #: _______________________________
1. Do the following:
a. Choose an item that your family might want to purchase that is considered a major expense. ___________________________
______________________________________________________________________________________________________
b. Write a plan that tells how your family would save money for the purchase identified in requirement 1a. ___________________
______________________________________________________________________________________________________
______________________________________________________________________________________________________
______________________________________________________________________________________________________
______________________________________________________________________________________________________
______________________________________________________________________________________________________
______________________________________________________________________________________________________
1. Discuss the plan with your merit badge counselor.__________________________________________________________
2. Discuss the plan with your family. _______________________________________________________________________
3. Discuss how other family needs must be considered in this plan. ______________________________________________
___________________________________________________________________________________________________
___________________________________________________________________________________________________
c. Develop a written shopping strategy for the purchase identified in requirement la.
1. Determine the quality of the item or service (using consumer publications or ratings systems). _______________________
___________________________________________________________________________________________________
___________________________________________________________________________________________________
2. Comparison shop for the item. Find out where you can buy the item for the best price. (Provide prices from at least two
different price sources.)
________________________ __________________________________________________________________________
________________________ __________________________________________________________________________
________________________ __________________________________________________________________________
________________________ __________________________________________________________________________
Call around; study ads. Look for a sale or discount coupon. Consider alternatives. _________________________________
___________________________________________________________________________________________________
Personal Management p. 2
Merit Badge Workbook
Scout’s Name: ________________________
Can you buy the item used? ____________________________________________________________________________
___________________________________________________________________________________________________
Should you wait for a sale? _____________________________________________________________________________
___________________________________________________________________________________________________
2. Do the following:
a. Prepare a budget reflecting your expected income (allowance, gifts, wages), expenses, and savings.
Sample Budget Plan
Budgeted Amounts
per Week Month 1 Month 2 Month 3
Income Sources
Allowance
Gifts
Wages
Other
Income Totals
Expenses
per Week Month 1 Month 2 Month 3
Savings-pay yourself 1st
Total
Actual Amounts
Month 1 Month 2 Month 3
Total
Tot. ActualTot. Budget
Total
Month 1 Month 2 Month 3
Total
Act.-Budget
Expense Totals
Income – Expenses
Track your actual income, expenses, and savings for 13 consecutive weeks. When complete, present the results to your merit
badge counselor.
b. Compare expected income with expected expenses. __________________________________________________________
______________________________________________________________________________________________________
1. If expenses exceed income, determine steps to balance your budget.
2. If income exceeds expenses, state how you would use the excess money (new goal, savings). _________________________
______________________________________________________________________________________________________
______________________________________________________________________________________________________
______________________________________________________________________________________________________
Personal Management p. 3
Merit Badge Workbook
Scout’s Name: ________________________
Sample Transaction Detail Ledger (Make additional copies of this page as needed.)
Page ____ of ____
Date
Transaction Description
Deposit
Withdrawal
Balance
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ __________
__________ _______________________________________________________ __________ ______________ …
Purchase answer to see full
attachment

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 30% with the discount code ESSAYSHELP